| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | ||||||||||
Net income (loss) | ||||||||||
14,820 | 27,650 | 51,023 | 49,904 | 89,126 | 59,137 | 76,140 | 40,212 | 11 | 47,513 | -10,441 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ||||||||||
0 | -1,912 | 6,153 | 786 | 3,806 | - | - | - | - | - | - |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||||||
Net accretion of bond premium | ||||||||||
-9,372 | -8,788 | -8,872 | -7,049 | -5,420 | -14,434 | -15,291 | -15,183 | -11,638 | -4,727 | -2,951 |
Depreciation and amortization | ||||||||||
11,191 | 5,174 | 4,574 | 6,035 | 6,473 | 6,891 | 5,603 | 7,979 | 5,583 | 2,872 | 3,533 |
Stock-based compensation expense | ||||||||||
6,152 | 5,249 | 4,808 | 3,696 | 2,510 | 1,944 | 1,777 | 1,764 | 1,829 | 1,787 | 2,084 |
Net realized investment (gains) losses | ||||||||||
53,779 | -20,179 | 4,055 | 4,947 | 1,124 | 7,270 | 8,695 | 5,453 | 6,440 | 8,489 | -13,179 |
Net cash flows from equity and trading investments | ||||||||||
1,415 | 22,514 | -1,909 | -2,390 | 3,080 | -6,855 | 3,852 | 403 | -1,993 | -585 | -2,492 |
Deferred income tax benefit | ||||||||||
10,148 | -16,220 | -5,921 | 3,331 | -5,574 | 1,926 | -368 | 7,452 | -6,288 | 977 | -10,858 |
Changes in: | ||||||||||
Accrued investment income | ||||||||||
-592 | 1,933 | 224 | 874 | 363 | -1,934 | -2,452 | -1,844 | -499 | 280 | 848 |
Premiums receivable | ||||||||||
10,807 | 18,312 | 22,311 | 29,685 | 27,487 | 30,395 | 30,346 | 15,941 | 12,067 | -2,997 | -6,839 |
Deferred policy acquisition costs | ||||||||||
1,496 | 4,694 | -5,260 | 2,815 | 17,686 | 6,417 | 2,690 | 3,467 | -11,709 | -2,340 | -2,804 |
Reinsurance receivables | ||||||||||
11,032 | -1,857 | 487 | -4,206 | -12,609 | -641 | -26,948 | -14,175 | 23,649 | 5,795 | -19,339 |
Prepaid reinsurance premiums | ||||||||||
2,487 | 3,314 | -33 | -8 | 158 | 472 | 197 | -3,228 | -1,684 | -87 | 114 |
Income taxes receivable | ||||||||||
4,155 | 9,004 | -8,254 | 14,285 | 0 | -1,786 | -14,750 | -10,206 | 6,310 | -10,425 | 1,223 |
Other assets | ||||||||||
11,972 | 1,524 | 2,465 | -758 | 1,097 | -581 | 1,417 | -3,603 | -9,970 | -2,228 | -1,851 |
Funds on deposit for Hurricane Katrina litigation | ||||||||||
- | - | - | - | - | - | - | - | - | - | -29,026 |
Losses and loss settlement expenses | ||||||||||
109,271 | 88,300 | 100,287 | 120,001 | 34,458 | 47,928 | 21,251 | 64,384 | 67,302 | 30,134 | 45,474 |
Unearned premiums | ||||||||||
12,244 | 27,527 | 21,589 | 28,830 | 36,336 | 38,261 | 28,814 | 22,659 | 16,401 | -5,669 | -10,956 |
Accrued expenses and other liabilities | ||||||||||
15,659 | -12,319 | -423 | -7,605 | 16,470 | 25,287 | 8,499 | 14,950 | 3,504 | -12,382 | 10,054 |
Income taxes payable | ||||||||||
- | - | - | -5,365 | 66 | 5,012 | 0 | 0 | - | - | - |
Deferred income taxes | ||||||||||
110 | 10,746 | 25,883 | -1,495 | 858 | 249 | -6,983 | 8,234 | 82 | 1,177 | 275 |
Other, net | ||||||||||
-1,274 | 9,847 | 3,378 | -9,943 | -2,914 | -2,813 | -7,156 | -2,871 | 1,130 | -494 | -482 |
Cash from operating activities - continuing operations | ||||||||||
78,932 | 111,369 | 93,377 | 97,500 | 60,161 | - | - | - | - | - | - |
Cash from operating activities - discontinued operations | ||||||||||
0 | 4,024 | 31,847 | 67,766 | 44,518 | - | - | - | - | - | - |
Cash from operating activities - gain on sale of discontinued operations | ||||||||||
0 | 34,851 | 0 | 0 | - | - | - | - | - | - | - |
Cash from operating activities | ||||||||||
78,932 | 80,542 | 125,224 | 165,266 | 104,679 | 92,154 | 85,351 | 131,864 | 74,420 | 23,703 | 110,850 |
Net cash provided by (used in) operating activities | ||||||||||
93,752 | 110,104 | 170,094 | 214,384 | 189,999 | 151,291 | 161,491 | 172,076 | 74,431 | 71,216 | 100,409 |
Cash Flows From Investing Activities | ||||||||||
Proceeds from sale of available-for-sale investments | ||||||||||
41,760 | 132,250 | 7,404 | 1,968 | 478 | 3,091 | 23,007 | 20,324 | 39,496 | 3,402 | 13,432 |
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | ||||||||||
- | 0 | 150 | 493 | 105 | 260 | 1,004 | 2,709 | 2,243 | 3,278 | 5,600 |
Proceeds from call and maturity of available-for-sale investments | ||||||||||
265,515 | 122,250 | 191,521 | 323,653 | 247,692 | 561,434 | 477,071 | 527,720 | 563,515 | 471,499 | 348,581 |
Proceeds from short-term and other investments | ||||||||||
4,397 | 9,303 | 6,032 | 1,947 | 3,881 | 2,883 | 7,170 | 4,810 | 4,741 | 4,353 | 31,937 |
Proceeds from sale of discontinued operations | ||||||||||
0 | 276,055 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of held-to-maturity investments | ||||||||||
0 | 0 | 150 | 42 | 450 | 0 | 0 | 200 | 0 | 0 | - |
Purchase of available-for-sale investments | ||||||||||
213,437 | 507,380 | 260,957 | 443,953 | 355,192 | 614,044 | 587,412 | 653,467 | 595,162 | 567,499 | 502,392 |
Purchase of mortgage loans | ||||||||||
16,933 | 25,853 | 0 | - | - | - | - | - | - | - | - |
Purchase of short-term and other investments | ||||||||||
44,375 | 7,119 | 6,428 | 4,155 | 5,103 | 4,351 | 14,375 | 10,350 | 3,357 | 7,653 | 16,672 |
Net purchases and sales of property and equipment | ||||||||||
32,426 | 33,053 | 17,158 | 7,600 | 9,696 | 8,151 | 8,451 | 2,886 | 14,048 | 2,091 | 10,575 |
Cash from investing activities - continuing operations | ||||||||||
4,501 | -33,547 | -79,586 | -127,689 | -118,285 | - | - | - | - | - | - |
Cash from investing activities - discontinued operations | ||||||||||
0 | 14,343 | 17,601 | 15,286 | 81,999 | - | - | - | - | - | - |
Acquisition of property and casualty company, net of cash acquired | ||||||||||
- | - | - | - | - | - | - | - | 172,620 | 0 | 0 |
Net cash provided by investing activities | ||||||||||
4,501 | -19,204 | -61,985 | -112,403 | -36,286 | -58,878 | -101,986 | -111,340 | -175,192 | -94,711 | -130,089 |
Cash Flows From Financing Activities | ||||||||||
Deposits to investment and universal life contracts | ||||||||||
- | - | - | - | - | 180,487 | 150,272 | 141,252 | 170,678 | 141,614 | 264,994 |
Withdrawals from investment and universal life contracts | ||||||||||
- | - | - | - | - | 243,997 | 208,827 | 156,881 | 119,716 | 106,972 | 136,597 |
Borrowings of short-term debt | ||||||||||
- | - | - | - | - | - | - | - | 124,900 | 0 | 0 |
Repayment of short-term debt | ||||||||||
- | - | - | - | - | - | - | 45,000 | 82,900 | 0 | 0 |
Repayment of trust preferred securities | ||||||||||
- | - | - | - | - | - | - | 15,626 | 0 | 0 | - |
Payment of cash dividends | ||||||||||
32,662 | 105,408 | 27,337 | 24,591 | 21,658 | 19,680 | 17,484 | 15,269 | 15,507 | 15,774 | 15,951 |
Dividends from discontinued operations | ||||||||||
- | - | - | - | 15,000 | - | - | - | - | - | - |
Repurchase of common stock | ||||||||||
11,700 | 5,404 | 29,784 | 3,746 | 2,423 | 12,942 | 1,644 | 7,301 | 12,433 | 6,280 | 1,545 |
Issuance of common stock | ||||||||||
2,377 | 7,171 | 4,828 | 9,922 | 5,496 | 2,260 | 3,393 | 1,106 | 208 | 98 | 26 |
Tax impact from issuance of common stock | ||||||||||
- | - | - | 816 | 833 | 160 | 488 | -78 | 1 | 14 | 23 |
Cash from financing activities - continued operations | ||||||||||
-41,985 | -103,641 | -52,293 | -19,231 | -4,418 | - | - | - | - | - | - |
Cash from financing activities - discontinued operations | ||||||||||
- | -11,547 | -55,256 | -78,346 | -133,419 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-41,985 | -115,188 | -107,549 | -97,577 | -137,837 | -94,032 | -74,778 | -97,797 | 65,231 | 12,700 | 110,950 |
Net Change in Cash and Cash Equivalents | ||||||||||
56,268 | -24,288 | 560 | 4,404 | 15,876 | -1,619 | -15,273 | -37,061 | -35,530 | -10,795 | 81,270 |
Less: decrease (increase) in cash and cash equivalents - discontinued operations | ||||||||||
0 | 6,820 | -5,808 | 4,706 | -6,902 | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents - continuing operations | ||||||||||
56,268 | -31,108 | 6,368 | -302 | 22,778 | - | - | - | - | - | - |